Streetbeat News

Revenues

AXP

American Express reported its Q3 2024 earnings with an EPS of $3.49, surpassing the estimate of $3.28. However, its sales of $16.636 billion slightly missed the expected $16.669 billion.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 11:00 am

PG

Procter & Gamble has reiterated its fiscal year 2025 outlook, projecting adjusted EPS between $6.91 and $7.05, compared to the estimated $6.97. The company also forecasts sales between $85.720 billion and $87.401 billion, against an estimate of $86.06 billion.

Portfolio Pulse from Mohit Manghnani

October 18, 2024 | 10:59 am

BABA

JD

NIO

XPEV

US-listed Chinese stocks are experiencing a rise in share prices following China's September retail sales and industrial production data surpassing expectations.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 10:58 am

FXI

KWEB

MCHI

U.S.-listed China-based ETFs surged in pre-market trading due to China's stronger-than-expected GDP figures for Q3. Key ETFs like KWEB, FXI, and MCHI saw significant gains.

Portfolio Pulse from Pooja Rajkumari

October 18, 2024 | 10:57 am

SLB

SLB reported Q3 2024 earnings per share of $0.89, beating the estimate of $0.88, and a 14.1% increase from last year. However, sales were $9.159 billion, missing the $9.250 billion estimate, but still a 10.22% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 10:53 am

NFLX

Netflix shares rise as the company reports better-than-expected Q3 financial results and a 14.4% increase in global streaming paid memberships.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 10:51 am

BABA

BIDU

JD

LI

NIO

PDD

Ray Dalio urges China to adopt a 'beautiful deleveraging' strategy to prevent a debt crisis, complementing recent stimulus measures. Major Chinese companies like Alibaba, PDD Holdings, Baidu, JD.Com, Nio, and Li Auto saw stock gains following China's GDP growth exceeding expectations.

Portfolio Pulse from Navdeep Yadav

October 18, 2024 | 10:49 am

GLD

TSM

Gold reached a record high of over $2,700 amid U.S. election uncertainties, while the Dow hit a record high due to strong retail sales and Taiwan Semiconductor's positive earnings forecast. U.S. markets closed mixed, with the S&P 500 and Nasdaq nearly flat. Asian and European markets mostly rose, supported by positive economic data.

Portfolio Pulse from Akanksha Bakshi

October 18, 2024 | 10:32 am

BTTR

Better Choice anticipates its combined 2025 pro forma revenue and EBITDA to reach $270 million and $10 million, respectively. The companies have shown a 25% quarter-over-quarter revenue increase, generating $235 million in the trailing twelve months.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 10:12 am

ALV

Autoliv has revised its full-year 2024 organic sales growth forecast from 2% to 1% due to unfavorable market mix developments. Despite this, the company expects market share gains with Chinese OEMs and reaffirms its adjusted operating margin guidance for 2024, albeit at the lower end of the 9.5-10.0% range.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 10:05 am